Accounting Manager (Policy Interpretation)

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description Responsible for providing appropriate technical accounting interpretation on the application of generally accepted accounting practices to finance/accounting personnel and senior/executive management in both corporate areas and lines of business. Responsible also for providing similar services to certain Corporate Support functions and/or directly to senior/executive management on various areas of accounting, including Corporate Credit Administration, Corporate External Reporting, Corporate Accounting and Tax, Business Line Planning and Reporting, etc. Acts as a business partner with these groups to create, maintain and ensure implementation of appropriate accounting policies and best practices, evaluate proposed transactions for accounting implications, analyze potential impacts of proposed accounting standards, and plan/implement adoption of new accounting standards. Primary Responsibilities • Assess the impact of new accounting standards on the Company and responsible for leading the implementation across affected business units. • Provide day-to-day guidance on accounting for new, unusual, significant and/or complex transactions or products. Ensure business units have clear understanding of accounting application; and potential impacts and operational processes are considered in the implementation of accounting practices. • Directly involved in critical decision-making activities that drive or enhance business performance and/or the related impact to financial results. • Keep current and prepare summaries of industry accounting issues and literature to ensure company compliance and appropriate interpretation and application. • Prepare written summaries supporting accounting positions taken on significant or complex transactions. Assist with drafting comment letters to the FASB on proposed accounting standards. • This position may engage staff from other areas to assist on projects on an as needed basis and must be effective in managing and motivating staff that do not report directly to him/her. Qualifications • Bachelor’s degree in accounting or finance, or equivalent work experience • 8 or more years of relevant financial accounting experience Preferred Skills/ Experience • CPA preferred (active or inactive) • Advanced knowledge of financial concepts and methodologies • Considerable knowledge of accounting theory practice, regulatory requirements and reporting • Demonstrated ability to apply critical thinking, problem solving, and decision-making skills • Strong and effective verbal and written communication skills • Effective project planning and management skills The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our  disability accommodations for applicants . Benefits:   Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your healt